African markets and business updates
Latest headlines from African markets, companies, and business sources.
SEC proposes N1 million limit per issuer, N10 million annual cap for retail crypto investors
SEC proposes N1 million limit per issuer, N10 million annual cap for retail crypto investors
The Securities and Exchange Commission (SEC) has proposed limits on the amount retail investors can invest in digital asset offerings, including a N1 million cap per issuer and a N10 million aggregate limit within a 12-month period.
Maersk updates fuel surcharge in Greece
Maersk updates fuel surcharge in Greece
Maersk has announced an updated fuel surcharge for truck transportation in Greece amid higher fuel costs linked to the situation in the Middle East. The new rate will take effect on 24 August 2026. Maersk described the surcharge as an exceptional and temporary measure to cover the additional costs it currently faces. New fuel surcharge […] Maersk has announced an updated fuel surcharge for truck transportation in Greece amid higher fuel costs linked to the situation in the Middle East. The new rate will take effect on 24 August 2026. Maersk described the surcharge as an exceptional and temporary measure to cover the additional costs it currently faces.…
Nigeria is building more data centres, but power and water could decide who survives
Nigeria is building more data centres, but power and water could decide who survives
Nigeria's data centre market is rapidly becoming the backbone of West Africa's digital economy, and the growth is accelerating faster than most observers anticipated.
Sahara turns 30: What lies ahead
Sahara turns 30: What lies ahead
When Sahara Energy Resources launched in 1996, its focus was petroleum-product trading. Two years later, it moved its trading operations from Lagos to Geneva, Switzerland, opening a path towards an international business.
Sudan farms lie barren as El Nino leaves Nile banks dry
Sudan farms lie barren as El Nino leaves Nile banks dry
Across the country, farmland that could feed the world's largest hunger crisis many times over lies fallow, as weary farmers once again find themselves in the crosshairs of faraway destruction
NITDA: Traditional regulations can no longer guarantee Nigeria’s financial stability
NITDA: Traditional regulations can no longer guarantee Nigeria’s financial stability
Nigeria’s financial stability can no longer be guaranteed through traditional regulatory approaches, and its ability to maintain the stability and integrity of the financial system increasingly depends on sovereignty over the digital infrastructure that powers it.
Hapag-Lloyd introduces Central Europe congestion surcharge
Hapag-Lloyd introduces Central Europe congestion surcharge
Hapag-Lloyd will introduce a Congestion Surcharge for inland shipments routed through Antwerp or Rotterdam. The carrier attributed the measure to low water levels on the Rhine. Reduced barge capacity has increased demand for alternative truck and rail transportation. As a result, overall inland transport capacity has become limited. Scope of the congestion surcharge The surcharge […] Hapag-Lloyd will introduce a Congestion Surcharge for inland shipments routed through Antwerp or Rotterdam. The carrier attributed the measure to low water levels on the Rhine. Reduced barge capacity has increased demand for alternative truck and rail transportation.…
Stanbic IBTC’s privacy judgment is a warning to every brand holding customer data
Stanbic IBTC’s privacy judgment is a warning to every brand holding customer data
On 29 July 2026, a Federal Capital Territory High Court ordered Stanbic IBTC Bank to pay N15 million in general damages to two former customers, David Ogundipe and Salami Tolulope Ibrahim.
South Sudan: Tambura’s fragile path from conflict to recovery
South Sudan: Tambura’s fragile path from conflict to recovery
In Tambura, a fragile calm has settled after years of violence and displacement. Yet beneath the semblance of peace lies a harsh reality, as the lingering effects of conflict continue to disrupt residents’ daily lives. Livelihoods have been devastated. Access to farmland remains limited, healthcare facilities are scarce, and schools are out of reach for many children. Basic supplies are hard to find. An air patrol by the United Nations Mission in South Sudan (UNMISS) brought peacekeepers together with local authorities and community members to assess the security situation and better understand the protection concerns facing residents.…
Financial Literacy: EKSU set to graduate pioneer cohort of Securities Trading Diploma Programme
Financial Literacy: EKSU set to graduate pioneer cohort of Securities Trading Diploma Programme
A significant number of finance graduates seeking roles in the financial sector lack the critical and practical skills required to succeed in modern capital markets, the Chancellor of Ekiti State University (EKSU), Dr Tunji Olowolafe, has said.